Schlumberger Limited (NYSE:SLB) Shares Purchased by Wealthcare Advisory Partners LLC

Wealthcare Advisory Partners LLC grew its stake in shares of Schlumberger Limited (NYSE:SLB) by 15.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,242 shares of the oil and gas company’s stock after acquiring an additional 965 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Schlumberger were worth $397,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of SLB. Hilltop Holdings Inc. raised its stake in Schlumberger by 2.1% during the fourth quarter. Hilltop Holdings Inc. now owns 10,761 shares of the oil and gas company’s stock worth $560,000 after purchasing an additional 219 shares during the period. Investment Advisory Services Inc. TX ADV raised its position in shares of Schlumberger by 1.9% in the 4th quarter. Investment Advisory Services Inc. TX ADV now owns 12,196 shares of the oil and gas company’s stock worth $635,000 after buying an additional 228 shares during the period. Sunbelt Securities Inc. boosted its holdings in Schlumberger by 2.2% in the first quarter. Sunbelt Securities Inc. now owns 10,551 shares of the oil and gas company’s stock valued at $578,000 after acquiring an additional 230 shares during the last quarter. Horizon Bancorp Inc. IN grew its position in Schlumberger by 7.0% during the fourth quarter. Horizon Bancorp Inc. IN now owns 3,586 shares of the oil and gas company’s stock valued at $187,000 after acquiring an additional 236 shares during the period. Finally, Ancora Advisors LLC increased its stake in Schlumberger by 3.6% during the third quarter. Ancora Advisors LLC now owns 6,819 shares of the oil and gas company’s stock worth $398,000 after acquiring an additional 240 shares during the last quarter. 81.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SLB has been the subject of a number of research reports. Stifel Nicolaus reiterated a “buy” rating and set a $64.00 target price on shares of Schlumberger in a report on Monday, April 22nd. Susquehanna reissued a “positive” rating and issued a $77.00 price objective on shares of Schlumberger in a research report on Monday, April 22nd. StockNews.com lowered shares of Schlumberger from a “buy” rating to a “hold” rating in a report on Thursday, June 6th. Morgan Stanley reiterated an “overweight” rating and issued a $65.00 price target on shares of Schlumberger in a report on Monday, April 22nd. Finally, Wells Fargo & Company cut Schlumberger from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $68.00 to $53.00 in a research note on Monday, April 29th. Two investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $68.59.

Schlumberger Trading Up 0.4 %

NYSE:SLB opened at $47.18 on Monday. Schlumberger Limited has a 52 week low of $42.61 and a 52 week high of $62.12. The company has a quick ratio of 1.02, a current ratio of 1.37 and a debt-to-equity ratio of 0.49. The company has a market cap of $67.44 billion, a PE ratio of 15.67, a P/E/G ratio of 0.91 and a beta of 1.57. The business’s 50 day moving average is $46.69 and its two-hundred day moving average is $49.61.

Schlumberger (NYSE:SLB) last released its quarterly earnings data on Friday, April 19th. The oil and gas company reported $0.75 EPS for the quarter, hitting analysts’ consensus estimates of $0.75. The firm had revenue of $8.71 billion during the quarter, compared to the consensus estimate of $8.70 billion. Schlumberger had a net margin of 12.72% and a return on equity of 21.88%. The firm’s revenue was up 12.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.63 earnings per share. On average, analysts predict that Schlumberger Limited will post 3.51 EPS for the current year.

Schlumberger Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Wednesday, June 5th will be paid a dividend of $0.275 per share. This is a positive change from Schlumberger’s previous quarterly dividend of $0.25. The ex-dividend date is Wednesday, June 5th. This represents a $1.10 annualized dividend and a yield of 2.33%. Schlumberger’s dividend payout ratio is 36.54%.

Insider Buying and Selling at Schlumberger

In related news, insider Bejar Carmen Rando sold 4,980 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $43.43, for a total value of $216,281.40. Following the sale, the insider now owns 22,518 shares of the company’s stock, valued at approximately $977,956.74. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Schlumberger news, insider Bejar Carmen Rando sold 4,980 shares of the business’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $43.43, for a total transaction of $216,281.40. Following the completion of the transaction, the insider now directly owns 22,518 shares of the company’s stock, valued at approximately $977,956.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Gavin Rennick sold 38,083 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $48.28, for a total transaction of $1,838,647.24. Following the completion of the sale, the insider now owns 45,851 shares in the company, valued at approximately $2,213,686.28. The disclosure for this sale can be found here. Insiders sold a total of 106,158 shares of company stock worth $5,099,893 over the last ninety days. Company insiders own 0.26% of the company’s stock.

About Schlumberger

Schlumberger Limited engages in the provision of technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. The company provides field development and hydrocarbon production, carbon management, and integration of adjacent energy systems; reservoir interpretation and data processing services for exploration data; and well construction and production improvement services and products.